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Author Topic: Why bitcoin can never go past $7000  (Read 3840 times)
pitham1
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October 28, 2017, 09:38:28 AM
 #21

Bitcoin's volatility has been steadily decreasing over time, which means huge price movements upwards are less likely than ever. Sorry it's not going to happen. I think 5000-6000 range is the correct or fair price, so selling at the higher end of this range would bring profit at least and then I think alt coins start making more sense at that point

These arguments would have had the same logic, when the price was under $1000. But we did see Bitcoin crossing that level. A lot of people felt that Bitcoin shouldn't have parity to the dollar and should be valued in cents in 2010. And we did cross that level.
So trying to put a number to the upper bound on Bitcoin is meaningless.

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October 28, 2017, 09:41:11 AM
 #22

Bitcoin's volatility has been steadily decreasing over time, which means huge price movements upwards are less likely than ever. Sorry it's not going to happen. I think 5000-6000 range is the correct or fair price, so selling at the higher end of this range would bring profit at least and then I think alt coins start making more sense at that point
Bitcoin will not go past 7000$ this year but it ain't an impossible target price in the future. Bitcoin has proven itself in the past few years even if people criticize it that it will not go higher than it's current all time high. Bitcoin's volatility has not been decreasing now, but rather it just stabilize because of equal buy and sell demand it show sometimes but still, there are crazy price movements this year that can prove that bitcoin volatility has not withered even if for a bit.
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October 28, 2017, 09:43:36 AM
 #23

Don't really think that it couldn't past that amount ,
Just look how much it has grow from the past few years .
Maybe it would just take time to get into that price,we don't really know maybe it could even surpass that price.

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cengsuwuei
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October 28, 2017, 09:43:50 AM
 #24

Bitcoin's volatility has been steadily decreasing over time, which means huge price movements upwards are less likely than ever. Sorry it's not going to happen. I think 5000-6000 range is the correct or fair price, so selling at the higher end of this range would bring profit at least and then I think alt coins start making more sense at that point

only wait bitcoin price reach 7000 dollar
if direct jump to 7000 dollar, incraese is very high is not good, maybe bitcoin price can reach 7000 dollar in 2018, not 2017

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laluna24
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October 28, 2017, 10:04:17 AM
 #25

Bitcoin's volatility has been steadily decreasing over time, which means huge price movements upwards are less likely than ever. Sorry it's not going to happen. I think 5000-6000 range is the correct or fair price, so selling at the higher end of this range would bring profit at least and then I think alt coins start making more sense at that point

only wait bitcoin price reach 7000 dollar
if direct jump to 7000 dollar, incraese is very high is not good, maybe bitcoin price can reach 7000 dollar in 2018, not 2017
Bitcoin fluctuates daily and even there are many speculation of the price. I can say maybe it will reach $7000-800 soon, and I agree possible by year 2018 it will make it happen.

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October 28, 2017, 10:10:51 AM
 #26

The possibility of it is less likely to happen, cause the masses are using bitcoin constantly for trading and such alike, if the price of bitcoin will rise from 7000$ the sole reason is that a group of ppl are hodling it for the increasion of price, or the majority of ppl have learned to utilize bitcoin.

P.S We can just wait for the price to reach the moon.

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October 28, 2017, 10:18:59 AM
 #27

I'm sure BTC will break 7000 but I'm not sure it will happen right now. The market-mover is not interested in price growing with many "unwanted" passangers onboard. I consider the price will go down greatly(up to 30% as it was before) before next great movement. Wink
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October 28, 2017, 10:41:30 AM
 #28

Bitcoin's volatility has been steadily decreasing over time, which means huge price movements upwards are less likely than ever. Sorry it's not going to happen. I think 5000-6000 range is the correct or fair price, so selling at the higher end of this range would bring profit at least and then I think alt coins start making more sense at that point

It seems that you are so sure that Bitcoin will never go past $7000, maybe you are right but I think you are not in the current situation of Bitcoin as of the moment because it is normal for it to have a corrections in price and this is the time for stabilizing its price for the mean time as there is no straight going up with the value of it.

It will pass that $7000 mark before the year ends if all the remaining issues are settle and some upcoming upgrades are done as it is increasing the trust of the new comers and big time investors to go in their moneys, take note that the Bitcoin's price exactly 1 year ago is only $600+ and the current price of it is playing around $5,700-$6000 as of the moment so meaning the market capitalization of it with the past year are multiplied by 10 and it can happen again.

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talkbitcoin
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October 28, 2017, 10:43:37 AM
 #29

Bitcoin's volatility has been steadily decreasing over time,
a quick look at a price chart will clearly tell you how wrong this statement is. the volatility is actually increasing by time. it still has not reached the maximum rate of volatility. until then the price will rise faster and faster every day.
that is the main factor for any kind of adoption based technology.

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which means huge price movements upwards are less likely than ever.
quite opposite. the bigger price movements are becoming more common.

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I think 5000-6000 range is the correct or fair price, so selling at the higher end of this range would bring profit at least and then I think alt coins start making more sense at that point
they said the same thing back at $1200 that is why the first rise afterwards was huge. then they said the same about $2000 and same story was repeated. they repeated the same a couple of more times but each time people paid less attention to it because they knew it has never been true.














 

 

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October 28, 2017, 11:27:15 AM
 #30

Bitcoin price has been increasing regularly, but the fluctuations were not felt that high as the past when the price was moving towards $4500. Possibly soon can expect the price to increase $7000 as the resistance level keeps on growing as price seems varying within limits for a longer time period.

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October 28, 2017, 11:33:32 AM
 #31

Most of the btc investor invest their money for getting what they deserve and hope. When they reach their goal they withdraw their money. They think that it might be never grow up more

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October 28, 2017, 11:38:06 AM
 #32

The same thing over and over again. The 5000$, 6000$ and now 7000$ barrier. This has been all over since before but bitcoin surpasses it without any problem at all. So be the next discussion is 8000$, then 9000$ barrier and so on. Cryptocurrency form the start is unpredictable, we will never know when does it is stop but I’m only sure for one thing it won’t be stable.
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October 28, 2017, 11:46:54 AM
 #33

When the price was $500 a lot of people were saying Bitcoin will never reach 1000$. When the price reached $1000 people said Bitcoin is so expensive. When it was $2000 they were saying that Bitcoin is dead. Now 2017 and a price of over $5000 those same people are trying to find excuses against Bitcoin. I think this type of people are just frustrated to not have invested some bucks sometime back when the price was  peanuts

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October 28, 2017, 11:47:13 AM
 #34

Bitcoin's volatility has been steadily decreasing over time, which means huge price movements upwards are less likely than ever. Sorry it's not going to happen. I think 5000-6000 range is the correct or fair price, so selling at the higher end of this range would bring profit at least and then I think alt coins start making more sense at that point

Less than a month ago, the FUD from China caused a 30% drop in the exchange rates. And a few days after that, the exchange rates rose by 40%. Do you still think that Bitcoin exchange rates are not that volatile? IMO, it will take many decades for the Bitcoin prices to stabilize. And you can never predict the future prices. They can even reach $50,000 or even $500,000 per coin.

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October 28, 2017, 12:14:22 PM
 #35

Most of the btc investor invest their money for getting what they deserve and hope. When they reach their goal they withdraw their money. They think that it might be never grow up more
Well, this is the reasons why more investors for bitcoin hecause of the price. The fluctuation of the price that many grab the opportunity to invest. So, possible in the upcoming months bitcoin may reach to $7000.

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October 28, 2017, 01:25:47 PM
 #36

Bitcoin's volatility has been steadily decreasing over time, which means huge price movements upwards are less likely than ever. Sorry it's not going to happen. I think 5000-6000 range is the correct or fair price, so selling at the higher end of this range would bring profit at least and then I think alt coins start making more sense at that point

Steadily decreasing over time? It has been happening after the price increase of bitcoin, don't expect that it will be continually increasing.

If you stand on your belief that bitcoin will never go up to $7,000 then get back to this thread maybe after a year or two then try to comment again that you believe bitcoin will never go past at $7,000.

And also say that alt coin will start making more sense.  Grin

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October 28, 2017, 01:42:02 PM
 #37

Bitcoin price can not be meassured by a common sense right now,
if you think our fair price for Bitcoin right now is around $6000,sorry bro i think we will see another ATH soon.
how many people said it before ? when we were at $500,$1000 and right now.
there are a lot of people saying about that stuff and until now we're keep climbing another mountain as always.
Its fair price can not be meassured by a common sense because if you looked at our history you will see the price is unpredictable,
which mean the price is already set by them the pumpers and holders.
also they can manipulate it as their wish,so i do not think we will stop right now.
because human will never satisfy with everything that they have right now

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October 28, 2017, 02:00:43 PM
 #38

It can and it will pass, the issue is that, the higher the market cap is, the less it will increase over time.

So to go from $4000 to $5000 is more easy than from $5000 to $6000.
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October 28, 2017, 02:04:03 PM
 #39

When the price was $500 a lot of people were saying Bitcoin will never reach 1000$. When the price reached $1000 people said Bitcoin is so expensive. When it was $2000 they were saying that Bitcoin is dead. Now 2017 and a price of over $5000 those same people are trying to find excuses against Bitcoin. I think this type of people are just frustrated to not have invested some bucks sometime back when the price was  peanuts

These people don't see Bitcoin's potential and just ride the volatility in order to make some profits. In case they missed out on a great opportunity to enter the market at discount levels, they indeed get frustrated, and for that reason talk down on Bitcoin like it doesn't have much potential, etc. If they had even a slight clue of what gives Bitcoin its value, then it wouldn't cost them any effort to buy and keep holding their coins for a longer period of time. Each time the price reaches a new high, these people think that they are too late. It was like that when the price reached $1000>$2000>$3000>$4000>$5000>$6000 - this will continue even when we're hovering above the $25,000 level. They never seem to learn from past market achievements.

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October 28, 2017, 02:24:50 PM
 #40

Bitcoin's volatility has been steadily decreasing over time, which means huge price movements upwards are less likely than ever. Sorry it's not going to happen. I think 5000-6000 range is the correct or fair price, so selling at the higher end of this range would bring profit at least and then I think alt coins start making more sense at that point

Even if what you said happens, eventually then alt-coins would face the same situation and people would sell their alts to buy bitcoin and the cycle would just continue and the price of both will continue to go up.

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